For the construction of solar parks and projects, the state-owned SJVN Ltd has initial agreements with the Oil & Natural Gas Corporation (ONGC) and Sambhar Salts Limited (SSL), a division of Hindustan Salts Limited.

SJVN Ltd.'s CMD, Nand Lal Sharma, announced in a statement that the business has signed two Memorandums of Understanding (MoUs) with ONGC and SSL.

The MoU with ONGC will pave a way for joint development of renewable energy projects including offshore & onshore solar, wind, hybrid, round the clock (RTC) projects, venturing into new technologies such as green hydrogen, green ammonia etc," he said.

The projects will be executed through formation of a joint venture company between ONGC and SJVN Green Energy Ltd (SGEL), a wholly-owned subsidiary of SJVN, Sharma said.

Under the MoU with Sambhar Salts, solar projects/parks will be developed by SGEL in a phased manner on the identified land bank of SSL, the CMD said.